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India has deployed standby or third-eye technology in its Goods and Services Tax Network to detect defaulters and install radio frequency identification tags on trucks that carry goods To verify compliance with the e-way billing process, Sushil Kumar Modi, who heads the GSTN panel, said Saturday.
"There is a minimum of manual interference now when there is an obligation to file because everything about payments is online," Modi told Bangalore's correspondents. "We have business intelligence in our network.You can not fool the government department."
"Differences Stand Out"
"In the Third Phase of the IT development, we have sent the GSTR 3 and GSTR 1 forms to the States. They must both match. If there is a gap, the third eye will detect it. Notices will be served. "
Modi, who is also the deputy chief minister of Bihar, said that" business intelligence "within the network can generate more than 15 different types of recordings." The intelligence of & dquo; Business can give a 360-degree view of the taxpayer. "
" States can take action against defaulters. The system, through the badysis of the supply data, will send an alert to those who purchase goods from traders who have not paid the tax as "non-filers", has he said. The government also planned to install sensors at the entry and exit points of each state's borders and deploy RFID (Radio Frequency Identification) tags on trucks to monitor the bills. -way.
"Currently, it is being implemented in Maharashtra and Uttar Pradesh, and we are going to introduce it all over the country," he said.
The government is also considering simplifying tax return forms, he said. The GST Council has approved a new procedure to simplify the returns and the Legal Committee will seek the approval of the GST Board to implement the changes at the next meeting on July 21st.
Infosys, the second largest software exporter of India, information technology infrastructure to implement the new changes.
"In GSTR-3, you have to produce 37 statements in a year," Modi said.
"Now, we are practically reducing it to one page or maybe two pages, and for consumer businesses it will be a three-line return form, which will be the simplest form of return India has never had. "
" Threshold of the rise "
The Advisory Committee on the Law created by the Ministry of Finance suggested raising the threshold ₹ 1, 5 crore of the current crore ₹ 1, he said.
"The GST Council will ask when to amend."
"He also recommended a special category of dealers for the reverse charge mechanism.For service providers, the suggested standard is between 10% (of turnover According to the committee, if the restaurants , travel agencies, health care companies and drinking establishments transport women during night shifts, they can benefit from the input tax credit, he added.
compensation, which is used to compensate states for the shortfall due to the deployment of the GST and amounted to ₹ 22,000 crore from March, will be shared between the governments of the Center and the States. , he said.
"Under the IGST there is about 22,000 ₹ crore in the cat," said Mr. Modi.The Integrated Goods and Taxes Tax (IGST) is levied on goods transported between States.
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